Certificate Fund definition
Examples of Certificate Fund in a sentence
The County will promptly report in writing to the Trustee each removal, substitution, sale or other disposition under subparagraphs (a) and (b) of this Section and will pay to the Trustee all amounts required by subparagraph (b) of this Section to be paid into the Certificate Fund Principal Account promptly after any subsequent sale, trade-in or other disposition requiring such payment.
Such purchase price shall be deposited by the Trustee in the Certificate Fund to be applied to the payment or redemption of Series 2019 Certificates as provided therein.
If the County exercises its option to purchase the Leased Property pursuant to this Section and complies with all requirements hereunder with respect to its exercise of such option, any amount then on hand in the Reserve Fund and the Certificate Fund (excluding amounts required for payment of past due principal or interest with respect to Series 2019 Certificates not presented for payment), shall be applied toward the payment of the applicable purchase price to be paid by the County.
Upon receipt by the Trustee of each payment of Base Rentals, the Trustee, pursuant to the terms of the Indenture, is to deposit the amount of such Base Rentals in the Certificate Fund.